RERA Explained

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RERA Explained

December 6, 2016

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RERA Explained

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About RERA
Why RERA?

RERA which stands for The Real Estate (Regulation and Development) Act, 2016 was enforced in India
from 1 May, 2017. The major focus of the Act was to check the growing cases of builder’s delayed
possessions and defaults and safeguard the interest of the buyers.
RERA’s major focus is to regulate the Real Estate Sector by incorporating complete transparency in real
estate transactions. The act also aims at keeping a check on the excessive transaction costs, reduce
fraudulent practices and establish accountability of every individual in any transaction.
RERA is formulated by the central government of India and is applicable to six Union Territories and to
the States with a few alterations.

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March 25, 2021

PMAY

Pradhan Mantri Awas Yojana (PMAY) was launched by Hon. PM Narendra Modi with a vision of home for all the people in the country. The PMAY scheme offered various benefits to the home buyers making it possible to own a house of their own. PMAY scheme is one of its kind in the world which not only is for lower income group (LIG) but also for the middle income group (MIG).

March 25, 2021

Important Documents and Certificates

Documents and Certifications Real Estate investment is generally associated with a huge capital investment and the homebuyer should be sure that the property is legal and safe. The most important documents in determining this are – the Commencement Certificate, Occupancy Certificate and the Completion Certificate. Commencement Certificate What is a CC (Commencement Certificate)? A commencement [...]

March 25, 2021

Tax Deduction in Real Estate

Real Estate investments are associated with large capitals which usually need home loan backing. In case you do not need a home loan still it is a better option to avail for one as it not only improves your liquidity but also helps you gain income tax benefits.

March 25, 2021

Tax related to Lands and Plots

Tax related to Lands/ Plots Lands and plots purchase are associated with esteem and pride and usually is done by the wealthier segments of the society. Hence, the exemptions and tax benefits available in the case of apartments and houses do not apply to lands. But in cases where you build a house on the [...]

March 25, 2021

GST in Real Estate

GST in Real Estate Goods and Services Tax (GST) in Indian Real Estate- What is GST (Goods and Services Tax)? Real Estate (Regulation and Development) Act (RERA) on July 1, 2017, brought major reforms tax reforms in Indian real estate sector when they introduced Goods and Services Tax (GST) in Indian Real Estate. Goods [...]

March 25, 2021

All about Capital Gains

Capital Gains Tax Capital Gain is any profit or gain on sale of any capital asset. The profit is accounted as income of the individual or company and is taxable by law. Capital Gain Tax are divided as – Short Term Capital Gain (STCG)- Capital Gain on any asset held for less than [...]